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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.065%
Price spread now: Lighter RH against dYdX+0.083%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$640.635% of the position
Long on dYdXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.083%, 7d avg +0.078%
Together, before fees+0.010%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEC-USD1,495.10get 0.0000% / 1h1m 50s$415K$35K5x
ShortLighter RH ZEC1,496.30.0216get 0.0027% / 1h1m 50s$2.1M$7.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$45.36
Price spread: +0.083% → +0.078%
$0.46
Slippage, 4 orders
−$53.51
Fee dYdX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$17.68
Costs to cover
0.635%
Break-even
9.7 days
Slippage from dYdX: live order book, 47 min ago; Lighter RH: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 47 min ago23.80 bp30.8 bp −$3147.4 bp −$47483.6 bp −$8,359131.1 bp −$65.5K
Sell Lighter RH live order book, 2 min ago0.83 bp1.9 bp −$24.5 bp −$45doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3243%1h1,479.2−1.064%$34K$273K12xas long as short
BloFin ZEC-USDT−0.0117%8h1,495.8+0.049%$30.7M$74.0M75xas long as short
Bulk ZEC-USD−0.0102%1h1,494.5−0.036%$903K$15K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,495.5+0.030%$6K$1K10xas long as short
dYdX ZEC-USDlong0.0000%1h1,495.1long leg$415K$35K5x
Kalshi KXZECPERP0.0000%8h1,495.8+0.047%$1.6M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,494.6−0.032%$85K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,495.1−0.001%$5.3M—150xas long as short
Orderly PERP_ZEC_USDC+0.0070%8h1,494.6−0.034%$300K$1.1M20xas long as short
01 Exchange ZECUSD+0.0080%1h1,495.6+0.038%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0092%1h1,500.8+0.383%$4.8M$1.3M10xas long as short
Popdex ZECUSDT+0.0096%1h1,495.5+0.028%$153K$1.7M50xas long as short
Nado ZEC-PERP+0.0100%1h1,494.7−0.021%$2.8M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,496.2+0.076%$780.0M$438.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,494.4−0.048%$14.2M$29.5M75xas long as short
Pacifica ZEC+0.0100%1h1,494.9−0.011%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,494.1−0.066%$693.9M$2.28B75xas long as short
Bybit ZECUSDT+0.0100%8h1,494.1−0.062%$274.6M$621.3M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,493.9−0.077%$181.4M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,495.1+0.002%$407K$480K5xas long as short
Gate ZEC_USDT+0.0100%8h1,494.3−0.049%$54.1M$182.6M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,494.2−0.058%$232.4M$785.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,494.7−0.024%$103.0M$56.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,494.7−0.027%$161.2M$285.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,494.4−0.046%—$114.0M—as long as short
Variational Omni ZEC+0.0100%8h1,498.3+0.219%$49.0M$33.3M—as long as short
edgeX ZECUSDC+0.0100%4h1,496.8+0.113%$572K$8.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,498.9+0.256%$3.1M$477K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,495.8+0.047%$414K$930K50xas long as short
StandX ZEC-USD+0.0100%1h1,495.2+0.005%$57K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,495.2+0.009%$362K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,495−0.005%$164K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,493.7−0.092%$456K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,497.1+0.133%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,494.7−0.025%$254K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,493.6−0.099%$2.6M$19.6M75xas long as short
Phemex ZECUSDT+0.0100%8h1,495−0.005%$4.0M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,494.8−0.016%$62K$43K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,495.2+0.005%$12K$858K10xas long as short
Extended ZEC-USD+0.0104%1h1,494.7−0.028%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,494.5−0.035%$45K$149K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0109% / S −0.0086%1h1,494.7−0.026%$404K—100xas long as short
Kraken Futures PF_ZECUSD+0.0144%1h1,494.8−0.016%$18.1M$46.2M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,495.5+0.028%$933K$1.2M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0198%1h1,495.4+0.019%$711K$1.4M25xas long as short
Lighter ZEC+0.0216%1h1,496.2+0.075%$19.6M$45.9M20xas long as short
Lighter RH ZECshort+0.0216%1h1,496.3+0.083%$2.1M$7.3M10x
Backpack ZEC_USDC_PERP+0.0336%1h1,495.5+0.031%$2.3M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0365%1h1,497.3+0.147%$50K$61K10xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,497+0.128%$3.7M$9.9M50xas long as short
Arcus ZEC-USD+0.0508%1h1,496.4+0.086%$617K$8.6M10xas long as short